Quilter Plc Sells 2,011 Shares of American International Group, Inc. (NYSE:AIG)

Quilter Plc cut its stake in shares of American International Group, Inc. (NYSE:AIG) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 51,245 shares of the insurance provider’s stock after selling 2,011 shares during the quarter. Quilter Plc’s holdings in American International Group were worth $3,731,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AIG. True Wealth Design LLC acquired a new position in American International Group during the third quarter valued at approximately $29,000. Fortitude Family Office LLC boosted its position in American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 210 shares during the last quarter. Continuum Advisory LLC boosted its position in American International Group by 60.7% during the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in American International Group during the third quarter valued at approximately $46,000. Finally, NBC Securities Inc. boosted its position in American International Group by 241.6% during the third quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 476 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Trading Up 0.1 %

NYSE AIG opened at $74.69 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a twelve month low of $67.96 and a twelve month high of $80.83. The company has a market cap of $46.59 billion, a price-to-earnings ratio of -22.03, a price-to-earnings-growth ratio of 5.87 and a beta of 1.05. The business’s fifty day moving average is $73.44 and its 200 day moving average is $74.48.

Wall Street Analyst Weigh In

AIG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on American International Group from $89.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th. UBS Group raised their price objective on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 price objective (down from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Finally, StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $84.13.

American International Group Company Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.